1,500 Hedge Fund Advisers Have Registered with the SEC Since Dodd-Frank

More than 1,500 hedge fund advisers have registered with the SEC since the Dodd-Frank Act was enacted. The SEC has commented that this will give the SEC “a comprehensive look at advisers to these types of funds.” Schapiro stated:

“Prior to the Dodd-Frank Act, regulators only saw a slice of the pie but didn’t know how big the pie even was. The law enables regulators to better protect investors by providing a more comprehensive view of who’s out there and what they’re doing.”

A total of 11,002 investment advisers are now SEC-registered, with 37% advising hedge funds and other private funds. Assets under management at SEC-registered advisers has risen about $5.7 trillion, or 13%, even though the number of advisers fell about 15% as the Dodd-Frank Act required mid-sized advisers to move from federal to state oversight.